For student loan borrowers, relief is finally here – on Oct. 17, the Department of Education launched its student loan forgiveness application. The application comes just months after Biden announced that borrowers who have federal student loans will be eligible for up to $20,000 worth of forgiveness.

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying for college, and she specializes in presenting complex ...